General Motors (GM) has reported third-quarter financial results that beat Wall Street’s expectations despite ongoing pressure from import tariffs.
The Detroit automaker announced earnings per share (EPS) of $2.80 U.S., which was ahead of the $2.31 U.S. expected among analysts.
Revenue of $48.59 billion U.S. topped the $45.27 billion U.S. consensus forecast on Wall Street.
However, General Motors’ results do not include $1.6 billion U.S. in special charges reported by the automaker last week due to its reset of all-electric vehicles.
That special charge halved its net income attributable to stockholders compared with the third quarter of 2024.
General Motors’ net income attributable to stockholders was $1.3 billion U.S. during this year’s third quarter, down 57% from $3.1 billion U.S. a year earlier.
The company’s net income margin fell to 2.7% from 6.3% a year ago.
In terms of guidance, General Motors said it now expects earnings of $9.75 U.S. to $10.50 U.S. in the current fourth quarter of 2025. That’s up from $8.25 U.S. to $10 U.S. previously.
General Motors also anticipates Q4 free cash flow of $10 billion U.S. to $11 billion U.S., up from $7.5 billion U.S. to $10 billion U.S. previously.
Management also reduced the expected impact of tariffs on the automaker this year to between $3.5 billion U.S. and $4.5 billion U.S. That’s down from $4 billion U.S. to $5 billion U.S.
The company now expects to offset about 35% of the impact on its business from import duties placed on foreign made automotive parts.
GM stock is up 13% this year and trading at $58 U.S. per share.
